Executive Compensation Plans:
Deferred & Selective

 

A deferred compensation plan offers customized benefits to selected key corporate executives.

 

A deferred compensation plan is a non-qualified arrangement between a corporation and selected key executives in which the corporation agrees to defer a portion of the executive's salary in exchange for the promise of future benefits.

 

A Selective Executive Retirement Plan offers customized benefits to selected key corporate executives.

 

A Selective Executive Retirement Plan is a non-qualified arrangement between a corporation and selected key executives in which the corporation promises to pay the executive a specified benefit at retirement.